25-29 George
Aurora Village | Aurora
$5,038,000.00
Listed 5 months ago
- - bed
- 0 bath
- - sqft
- - parking
- Vacant Land
Instant Estimate
$6,079,557
+$1,041,557 compared to list price
Upper range
$8,644,961
Mid range
$6,079,557
Lower range
$3,514,153
Property history
- Now
- Listed on May 14, 2024
Listed for $5,038,000.00
146 days on market
Location & area
Schools nearby
Home Details
- Description
- 25 & 29 George Street, Aurora - #25 Is 3 Storey Multi-Residential 8 Unit Apartment Building And #29 Is An Adjacent Residential Vacant Single Detached Dwelling With An Approx. Total Lot Size of 126 x 200 Feet (0.53 Acres). The Entire Site Is Proposed For A Zoning By-law Amendment to Permit A Development of 4 Storey Apartment Building With 26 Units in Addition to the Existing 8 Unit, 3 Storey Apartment Building on the Subject Lands, With a Total of 42 Parking Spaces And 34 Residential Units. The Proposed Development Will Consist Of 42,162 SF in Gross Floor Area. The Existing Apartment Building Has 7 - 2 Bedroom Units And 1 - 1 Bedroom Unit. All Units Are Renovated & Updated. Shared Laundry in Basement. All Tenants Are Month to Month Basis. Current Cap Rate Is About 5.1% - Potential to Increase Cap Rate to 7% Based On Average Current Market Rents In the Area. Tenants Pay Their Own Hydro And Landlord Pays For Gas And Water.
- Additional media
- -
- Property taxes
- $15,286.88 per year / $1,273.91 per month
- Basement
- -
- Year build
- -
- Type
- Vacant Land
- Bedrooms
- Bathrooms
- 0
- Parking spots
- Total
- Floor
- -
- Balcony
- -
- Pool
- -
- External material
- -
- Roof type
- -
- Lot frontage
- -
- Lot depth
- -
- Heating
- -
- Fire place(s)
- -
Listing Brokerage
- MLS® Listing
- N8335396
- Brokerage
- ROYAL LEPAGE YOUR COMMUNITY REALTY
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